Navigating The New Normal

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Commented on 05/01/20 -

Can I "return" a PPP loan before I deposit it?

Anonymous

05/07/20 at 7:26PM UTC (Edited)

I hope that's true for others, but after being overinformed on multiple articles, I'm not willing to take the risk. An update: despite declining the PPP loan via Chase TWICE, they *still* deposited $10K into my account on 5/1. Today, I received a call from Chase asking if I still wanted it. I said no (again), and they "rescinded" the loan without penalty or repayment fees. Gee, thanks. #eyeroll

Shelby C

2.83k

Process Improvement & Security (ret)

05/07/20 at 7:37PM UTC

I actually contacted an Attorney after this that assists people getting PPP and she said as long as it is DOCUMENTED, you shouldn't have issues. Most people fail to document though.

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What’s happening in the world right now is affecting us all—we’re working from home, we’re checking in with loved ones from a distance, and we’re trying to stay as positive as we can. But we recognize how stressful this situation can be. That’s where we come in—we want this group to help you navigate your new, unprecedented path. Check back here daily to stay up-to-date on the news, get work-related resources and advice, discuss what’s happening with fellow FGB’ers, learn ...Read more

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Navigating The New Normal

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